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Asia Pacific Automotive Aftermarket
Updated On

Jan 11 2025

Total Pages

150

Asia Pacific Automotive Aftermarket Insightful Market Analysis: Trends and Opportunities 2025-2033

Asia Pacific Automotive Aftermarket by Product (Replacement parts, Accessories), by Sales Outlet (Professional, DIY, OEM Factory fill), by Asia Pacific (China, India, Japan, Australia, South Korea, Indonesia, Malaysia, Singapore, Thailand, Vietnam, Philippines, Sri Lanka) Forecast 2025-2033

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Asia Pacific Automotive Aftermarket Insightful Market Analysis: Trends and Opportunities 2025-2033

Asia Pacific Automotive Aftermarket Report

Key Insights

The size of the Asia Pacific Automotive Aftermarket  was valued at USD XXX Million in 2023 and is projected to reach USD 0.00 Million by 2032, with an expected CAGR of 7.1% during the forecast period.The Asia Pacific automotive aftermarket market refers to the segment of the automotive industry that deals with the sale of parts, accessories, and services for vehicles after the original sale. This market is driven by factors such as the increasing number of vehicles on the road, rising disposable incomes, and the growing demand for vehicle customization and maintenance. Consumers in the region are increasingly focusing on enhancing vehicle performance, appearance, and longevity, which has led to a surge in demand for aftermarket parts and services. Innovations in this market include the development of advanced vehicle components, smart diagnostics tools, and the integration of online platforms for easier access to aftermarket products. Research in the automotive aftermarket focuses on improving the quality, affordability, and availability of parts, as well as developing sustainable solutions such as eco-friendly components and repair practices. Despite its growth, the market faces challenges such as the presence of counterfeit products, regulatory restrictions, and fluctuating raw material prices. Additionally, the rise of electric vehicles presents a new challenge as it requires a shift in aftermarket products and services. However, the increasing focus on vehicle maintenance and customization is expected to drive continued growth in the Asia Pacific automotive aftermarket market, with opportunities in both traditional and emerging segments.

Asia Pacific Automotive Aftermarket Research Report - Market Size, Growth & Forecast

Asia Pacific Automotive Aftermarket Concentration & Characteristics

  • Concentration Areas: China, India, and Japan emerge as the dominant players in the Asia Pacific Automotive Aftermarket, driven by their large automotive industries and growing vehicle ownership rates.
  • Innovation: The aftermarket is characterized by continuous innovation, with manufacturers investing in advanced technologies such as telematics, autonomous driving, and electric vehicles.
  • Regulations: Government regulations significantly impact the aftermarket, influencing product safety standards, emissions control measures, and aftermarket accessibility.
  • Substitutes: The availability of cheaper genuine and OEM parts from independent suppliers can hinder the growth of the aftermarket.
  • End User Concentration: Professional outlets dominate the aftermarket sales, catering to a wide range of customers, from individual vehicle owners to large commercial fleets.
  • Mergers & Acquisitions (M&A): The aftermarket has witnessed a flurry of M&A activities, with larger companies acquiring smaller players to strengthen market share and expand product offerings.

Asia Pacific Automotive Aftermarket Trends

  • Growing demand for spare parts and accessories: Vehicle aging leads to increased demand for replacement parts, filters, batteries, and brake pads. Accessories, such as car exteriors and interiors, also witness robust demand.
  • Rise of e-commerce: Online platforms are gaining traction in the aftermarket, offering convenience and price transparency.
  • Advancements in telematics and connected cars: These technologies enable real-time vehicle diagnostics, predictive maintenance, and over-the-air software updates, creating new opportunities for aftermarket service providers.
  • Focus on sustainability: Environmentally friendly products, such as recycled components and electric vehicle parts, are becoming increasingly prevalent in the aftermarket.

Key Region or Country & Segment to Dominate the Market

  • Key Region: China is projected to lead the Asia Pacific Automotive Aftermarket due to its massive automotive industry, growing middle class, and government initiatives promoting vehicle electrification.
  • Dominant Segment: Replacement parts are expected to hold the largest market share, driven by the aging vehicle population and increasing demand for maintenance and repair services.

Asia Pacific Automotive Aftermarket Product Insights Report Coverage & Deliverables

  • Product Insights: In-depth analysis of aftermarket product categories, encompassing replacement parts, accessories, performance parts, and emerging technologies.
  • Report Coverage: Market size, market share, growth projections, competitive landscape, and industry best practices for each product category.
  • Deliverables: Comprehensive report in PDF and Excel formats, featuring actionable insights for manufacturers, distributors, service providers, and industry stakeholders.

Asia Pacific Automotive Aftermarket Analysis

  • Market Size: The Asia Pacific Automotive Aftermarket has grown exponentially, reaching a market size of [Insert Latest Figure] in [Insert Latest Year].
  • Market Share: Leading players in the aftermarket, such as Denso Corporation and Robert Bosch GmbH, maintain significant market shares.
  • Growth: The market is projected to continue its robust growth trajectory, driven by favorable industry trends and evolving consumer demands.

Asia Pacific Automotive Aftermarket Regional Insights

  • East Asia: China, Japan, and South Korea dominate this region, with their advanced automotive industries and high vehicle ownership rates.
  • South Asia: India is a rapidly growing market, driven by rising income levels and increasing vehicle sales.
  • Southeast Asia: Thailand, Indonesia, and Malaysia are emerging as key markets, with their growing automotive industries and expanding middle class.
  • Australia and New Zealand: These countries have a mature automotive aftermarket, with a focus on high-quality parts and accessories.

Asia Pacific Automotive Aftermarket Regional Share

Driving Forces: What's Propelling the Asia Pacific Automotive Aftermarket

  • Rising Automobile Production: Increasing vehicle production leads to a higher demand for aftermarket parts and services.
  • Increasing Vehicle Age: As vehicles age, they require more maintenance and repairs, fueling the aftermarket growth.
  • Technological Advancements: Advancements in vehicle technology create new opportunities for aftermarket suppliers.
  • Government Regulations: Government mandates on safety and emissions standards drive aftermarket demand.

Challenges and Restraints in Asia Pacific Automotive Aftermarket

  • Counterfeit Parts: The availability of counterfeit parts poses a challenge to the aftermarket, as they undermine quality and safety.
  • Lack of Skilled Labor: Skilled automotive technicians are in short supply, leading to increased labor costs in the aftermarket.
  • Economic Downturn: Economic downturns can impact consumer spending on aftermarket products and services.
  • Supply Chain Disruptions: Global supply chain disruptions can affect the availability and pricing of aftermarket parts.

Emerging Trends in Asia Pacific Automotive Aftermarket

  • Connected Vehicles: The rise of connected vehicles and autonomous driving creates opportunities for new aftermarket services.
  • E-commerce and Digitalization: E-commerce platforms and digital tools enhance aftermarket accessibility and convenience.
  • Sustainability Focus: Environmental concerns drive the demand for sustainable aftermarket products and services.
  • Personalized Experiences: Customization and personalization options empower consumers to tailor aftermarket products to their specific needs.

Market Segmentation: Asia Pacific Automotive Aftermarket

Industry:

  • Automotive OEMs
  • Independent Aftermarket Suppliers

Product:

Replacement Parts:

  • Belt
  • Brakes
  • Clutch
  • Electrical Parts
  • Lighting
  • Engine & AC Parts
  • Exhaust
  • Filters
  • Suspensions
  • Transmission
  • Wiper Parts
  • Others

Accessories:

  • Car Exteriors
  • Car Interiors

Sales Outlet:

Professional:

  • Quick Lubes
  • Garages & Service Stations
  • Automobile Dealerships
  • Government
  • Commercial Fleets & Other Professional Outlets

DIY:

  • Discount Department Stores
  • Auto Parts Stores

OEM Factory Fill:

  • Original Equipment Manufacturers

Asia Pacific Automotive Aftermarket Industry News

  • Denso Corporation announces new investment in electric vehicle components.
  • Robert Bosch GmbH introduces AI-powered diagnostic tools for aftermarket service providers.
  • Hyundai Mobis Co launches a new line of eco-friendly aftermarket products.

Leading Players in the Asia Pacific Automotive Aftermarket

Asia Pacific Automotive Aftermarket REPORT HIGHLIGHTS

AspectsDetails
Study Period 2019-2033
Base Year 2024
Estimated Year 2025
Forecast Period2025-2033
Historical Period2019-2024
Growth RateCAGR of 7.1% from 2019-2033
Segmentation
    • By Product
      • Replacement parts
        • Belt
        • Brakes
        • Clutch
        • Electrical parts
        • Lighting
        • Engine & AC parts
        • Exhaust
        • Filters
        • Suspensions
        • Transmission
        • Wiper parts
        • Others
      • Accessories
        • Car exteriors
        • Car interiors
    • By Sales Outlet
      • Professional
        • Quick lubes
        • Garages & service stations
        • Automobile dealerships
        • Government
        • Commercial fleets & other professional outlets
      • DIY
        • Discount department stores
        • Auto parts stores
      • OEM Factory fill
  • By Geography
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • Indonesia
      • Malaysia
      • Singapore
      • Thailand
      • Vietnam
      • Philippines
      • Sri Lanka
Table Of Content
  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1 Growing demand for vehicle upgradation along with digitization of distribution channels
        • 3.2.2 Increasing vehicle sales of new and preowned vehicles
      • 3.3. Market Restrains
        • 3.3.1. Adoption of vehicle safety technologies and rising electric vehicle sales
      • 3.4. Market Trends
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. Asia Pacific Automotive Aftermarket Analysis, Insights and Forecast, 2019-2031
    • 5.1. Market Analysis, Insights and Forecast - by Product
      • 5.1.1. Replacement parts
        • 5.1.1.1. Belt
        • 5.1.1.2. Brakes
        • 5.1.1.3. Clutch
        • 5.1.1.4. Electrical parts
        • 5.1.1.5. Lighting
        • 5.1.1.6. Engine & AC parts
        • 5.1.1.7. Exhaust
        • 5.1.1.8. Filters
        • 5.1.1.9. Suspensions
        • 5.1.1.10. Transmission
        • 5.1.1.11. Wiper parts
        • 5.1.1.12. Others
      • 5.1.2. Accessories
        • 5.1.2.1. Car exteriors
        • 5.1.2.2. Car interiors
    • 5.2. Market Analysis, Insights and Forecast - by Sales Outlet
      • 5.2.1. Professional
        • 5.2.1.1. Quick lubes
        • 5.2.1.2. Garages & service stations
        • 5.2.1.3. Automobile dealerships
        • 5.2.1.4. Government
        • 5.2.1.5. Commercial fleets & other professional outlets
      • 5.2.2. DIY
        • 5.2.2.1. Discount department stores
        • 5.2.2.2. Auto parts stores
      • 5.2.3. OEM Factory fill
    • 5.3. Market Analysis, Insights and Forecast - by Region
      • 5.3.1. Asia Pacific
  6. 6. Competitive Analysis
    • 6.1. Market Share Analysis 2024
      • 6.2. Company Profiles
        • 6.2.1 Denso Corporation
          • 6.2.1.1. Overview
          • 6.2.1.2. Products
          • 6.2.1.3. SWOT Analysis
          • 6.2.1.4. Recent Developments
          • 6.2.1.5. Financials (Based on Availability)
        • 6.2.2 Akebono Brake Corporation
          • 6.2.2.1. Overview
          • 6.2.2.2. Products
          • 6.2.2.3. SWOT Analysis
          • 6.2.2.4. Recent Developments
          • 6.2.2.5. Financials (Based on Availability)
        • 6.2.3 Delphi Automotive PLC
          • 6.2.3.1. Overview
          • 6.2.3.2. Products
          • 6.2.3.3. SWOT Analysis
          • 6.2.3.4. Recent Developments
          • 6.2.3.5. Financials (Based on Availability)
        • 6.2.4 Robert Bosch GmbH
          • 6.2.4.1. Overview
          • 6.2.4.2. Products
          • 6.2.4.3. SWOT Analysis
          • 6.2.4.4. Recent Developments
          • 6.2.4.5. Financials (Based on Availability)
        • 6.2.5 Hyundai Mobis Co
          • 6.2.5.1. Overview
          • 6.2.5.2. Products
          • 6.2.5.3. SWOT Analysis
          • 6.2.5.4. Recent Developments
          • 6.2.5.5. Financials (Based on Availability)
        • 6.2.6 Aisin Seiki
          • 6.2.6.1. Overview
          • 6.2.6.2. Products
          • 6.2.6.3. SWOT Analysis
          • 6.2.6.4. Recent Developments
          • 6.2.6.5. Financials (Based on Availability)
        • 6.2.7 3M
          • 6.2.7.1. Overview
          • 6.2.7.2. Products
          • 6.2.7.3. SWOT Analysis
          • 6.2.7.4. Recent Developments
          • 6.2.7.5. Financials (Based on Availability)
        • 6.2.8 ACDelco
          • 6.2.8.1. Overview
          • 6.2.8.2. Products
          • 6.2.8.3. SWOT Analysis
          • 6.2.8.4. Recent Developments
          • 6.2.8.5. Financials (Based on Availability)
        • 6.2.9 Toyota Motor Corporation
          • 6.2.9.1. Overview
          • 6.2.9.2. Products
          • 6.2.9.3. SWOT Analysis
          • 6.2.9.4. Recent Developments
          • 6.2.9.5. Financials (Based on Availability)
        • 6.2.10 Lear Corporation
          • 6.2.10.1. Overview
          • 6.2.10.2. Products
          • 6.2.10.3. SWOT Analysis
          • 6.2.10.4. Recent Developments
          • 6.2.10.5. Financials (Based on Availability)
        • 6.2.11 ZF Friedrichshafen AG
          • 6.2.11.1. Overview
          • 6.2.11.2. Products
          • 6.2.11.3. SWOT Analysis
          • 6.2.11.4. Recent Developments
          • 6.2.11.5. Financials (Based on Availability)
        • 6.2.12 Tenneco
          • 6.2.12.1. Overview
          • 6.2.12.2. Products
          • 6.2.12.3. SWOT Analysis
          • 6.2.12.4. Recent Developments
          • 6.2.12.5. Financials (Based on Availability)
        • 6.2.13 Shandong Zhengnuo Group Co Ltd
          • 6.2.13.1. Overview
          • 6.2.13.2. Products
          • 6.2.13.3. SWOT Analysis
          • 6.2.13.4. Recent Developments
          • 6.2.13.5. Financials (Based on Availability)
        • 6.2.14 ASIMCO Technologies Ltd
          • 6.2.14.1. Overview
          • 6.2.14.2. Products
          • 6.2.14.3. SWOT Analysis
          • 6.2.14.4. Recent Developments
          • 6.2.14.5. Financials (Based on Availability)
        • 6.2.15 Johnson Control International Plc.
          • 6.2.15.1. Overview
          • 6.2.15.2. Products
          • 6.2.15.3. SWOT Analysis
          • 6.2.15.4. Recent Developments
          • 6.2.15.5. Financials (Based on Availability)
List of Figures
  1. Figure 1: Asia Pacific Automotive Aftermarket Revenue Breakdown (Million, %) by Product 2024 & 2032
  2. Figure 2: Asia Pacific Automotive Aftermarket Share (%) by Company 2024
List of Tables
  1. Table 1: Asia Pacific Automotive Aftermarket Revenue Million Forecast, by Region 2019 & 2032
  2. Table 2: Asia Pacific Automotive Aftermarket Revenue Million Forecast, by Product 2019 & 2032
  3. Table 3: Asia Pacific Automotive Aftermarket Revenue Million Forecast, by Sales Outlet 2019 & 2032
  4. Table 4: Asia Pacific Automotive Aftermarket Revenue Million Forecast, by Region 2019 & 2032
  5. Table 5: Asia Pacific Automotive Aftermarket Revenue Million Forecast, by Product 2019 & 2032
  6. Table 6: Asia Pacific Automotive Aftermarket Revenue Million Forecast, by Sales Outlet 2019 & 2032
  7. Table 7: Asia Pacific Automotive Aftermarket Revenue Million Forecast, by Country 2019 & 2032
  8. Table 8: China Asia Pacific Automotive Aftermarket Revenue (Million) Forecast, by Application 2019 & 2032
  9. Table 9: India Asia Pacific Automotive Aftermarket Revenue (Million) Forecast, by Application 2019 & 2032
  10. Table 10: Japan Asia Pacific Automotive Aftermarket Revenue (Million) Forecast, by Application 2019 & 2032
  11. Table 11: Australia Asia Pacific Automotive Aftermarket Revenue (Million) Forecast, by Application 2019 & 2032
  12. Table 12: South Korea Asia Pacific Automotive Aftermarket Revenue (Million) Forecast, by Application 2019 & 2032
  13. Table 13: Indonesia Asia Pacific Automotive Aftermarket Revenue (Million) Forecast, by Application 2019 & 2032
  14. Table 14: Malaysia Asia Pacific Automotive Aftermarket Revenue (Million) Forecast, by Application 2019 & 2032
  15. Table 15: Singapore Asia Pacific Automotive Aftermarket Revenue (Million) Forecast, by Application 2019 & 2032
  16. Table 16: Thailand Asia Pacific Automotive Aftermarket Revenue (Million) Forecast, by Application 2019 & 2032
  17. Table 17: Vietnam Asia Pacific Automotive Aftermarket Revenue (Million) Forecast, by Application 2019 & 2032
  18. Table 18: Philippines Asia Pacific Automotive Aftermarket Revenue (Million) Forecast, by Application 2019 & 2032
  19. Table 19: Sri Lanka Asia Pacific Automotive Aftermarket Revenue (Million) Forecast, by Application 2019 & 2032

STEP 1 - Identification of Relevant Samples Size from Population Database

Step Chart
bar chart
method chart

STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

approach chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.

Note* : In applicable scenarios

STEP 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
approach chart

STEP 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.

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